3024-3028 Bladensburg Rd Ne, WASHINGTON, DC

$2,800,000

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0.65

Acres

About 3024-3028 Bladensburg Rd Ne

28,191 SF REDEVELOPMENT SITE – Prime Development Site with potential for 56,000 sf to 117,600 sf (with re-zoning). Currently being used as parking lot, the site is prime for several potential uses including: public storage, parking, multi family housing, affordable housing, senior affordable housing , retail and medical offices. Bladensburg Road is ripe for development as property values in neighboring areas rise and developers/businesses seek new locations. As project in Ivy City and H Street continue to take shape, lower income individuals and families find themselves moving east, leading to a higher demand for affordable housing there and increasing pressure for higher density development. Douglas Development’s New City development is looking to bring 352,909 square feet of entertainment, hotel, residential and retail space a six-minute drive down Bladensburg Road NE, showing DC’s general eastward redevelopment pattern. As per the architecture firm Torti Gallas, which was engaged to provide the owner a massing study in September 2020, there is 56,000 sf FAR of as-of-right development potential, and up to 117,600 sf (4.2 FAR) once re-zoned to MU-5 (as projected by the DC Future Land Use Map which shows future uses to be a mix of Medium Density Residential and Moderate Density Commercial). The site is a 20-minute drive to Union Station (via Ivy City, NoMa and Union Market) and is short drive to the National Arboretum, the Shops at Dakota Crossing and the Maryland/DC line. Located on Bladensburg Road NE, the site is on the B2 and H6 bus lines, providing access to Downtown DC and other major destinations. Several carry-out restaurants, service retailers and shops are located on Bladensburg Rd. A Good Food Grocery store is also located less than a mile away, and a MOM's Organic Market and Giant Foods are also within reach.

Features of 3024-3028 Bladensburg Rd Ne

MLS® # DCDC2055684
Price $2,800,000
Bathrooms 0.00
Acres 0.65
Type Land
Sub-Type Land
Status Active

Community Information

Address 3024-3028 Bladensburg Rd Ne
City WASHINGTON
County WASHINGTON-DC
State DC
Zip Code 20018

Amenities

Is Waterfront No

Interior

Has Basement No
Fireplace No

School Information

District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Date Listed June 23rd, 2022
Days on Market 10
Zoning PDR1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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